The Plastic Films & Sheets Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Plastic Films & Sheets Global Market Report 2024, The plastic films & sheets market size has grown strongly in recent years. It will grow from $82.75 billion in 2023 to $87.89 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to growth in packaging and labeling industries, expansion of food and beverage packaging, demand for flexible and durable materials, development of high-barrier films, increase in agriculture and greenhouse applications..
The plastic films & sheets market size is expected to see strong growth in the next few years. It will grow to $112.56 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to sustainable and recyclable plastic films, growth in e-commerce and shipping, customized film solutions for specific packaging needs, demand for biodegradable and compostable films, expansion in electronics and displays, integration in photovoltaic and renewable energy systems, increased use in healthcare and medical packaging.. Major trends in the forecast period include advanced nanocomposite plastic films, regulatory compliance in plastic film safety, smart and rfid-enabled plastic packaging, antimicrobial and anti-fogging plastic films, collaboration between film and material science..
The growth in the plastics industry is expected to propel the growth of the plastic films and sheets market going forward. The plastic industry refers to an organization that is involved in the manufacturing of polymer materials that are known as plastic, a chemical compound that is light-weight, elastic in nature, moldable, and has other unique features. Plastic films and sheets help the plastic industry with many advantages, such as reduced weight in components in manufacturing, good packaging solutions, strength, durability, and other features that can be used in various industries such as automobiles, food and beverages, construction, electronics, healthcare, and others. For instance, in March 2022, according to an article published by the American Mold Builders Association, a US-based organization that has been dedicated exclusively to the U.S. mould manufacturing industry, plastic production increased by 7.1% and is expected to grow at a rate of 4.5% year-on-year. Therefore, the growth of the plastic industry is driving the growth of the plastic film and sheet market.
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The plastic films & sheets market covered in this report is segmented –
1) By Type: Polypropylene, Polyethylene, Polyvinyl Chloride, Rubber, Other Type
2) By Application: Food Packaging, Stretch Film, Shrink Film, Heavy Duty Bags, Film on Reel, Other Applications
3) By End Use: Automotive, Aerospace and Aviation, Packaging, Food and Beverages, Building and Construction, Healthcare, Printing, Agriculture, Other End-Users
Product innovation is a key trend gaining popularity in the plastic films and sheets market. Major companies operating in the plastic films and sheets market are focused on developing new product solutions to strengthen their position. For instance, in July 2021, SABIC, a Saudi Arabia-based company operating in plastic films and sheets, introduced LEXANTM Copolymer, a sustainable polycarbonate film, the first in the industry to receive ISCC PLUS certification for film and sheet products based on renewable polycarbonate. LEXAN polycarbonate resin is an amorphous engineering thermoplastic that can be deformed in extreme heat (typically 147 degrees Celsius, or 297 degrees Fahrenheit) and whose molecules are comprised of repeating subunits. LEXANTM Copolymer provides outstanding mechanical, optical, electrical, and thermal properties, and the product produced by LEXAN exhibits properties such as scratch resistance, toughness, heat resistance, biocompatibility, and optical quality. It complies with stringent FDA and USP requirements and therefore can be used in medical devices.
The plastic films & sheets market report table of contents includes:
1. Executive Summary
2. Plastic Films & Sheets Market Characteristics
3. Plastic Films & Sheets Market Trends And Strategies
4. Plastic Films & Sheets Market – Macro Economic Scenario
5. Global Plastic Films & Sheets Market Size and Growth
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26. South America Plastic Films & Sheets Market
27. Brazil Plastic Films & Sheets Market
28. Middle East Plastic Films & Sheets Market
29. Africa Plastic Films & Sheets Market
30. Plastic Films & Sheets Market Competitive Landscape And Company Profiles
Top Major Players:
- Amcor Inc
- Berry Plastic Inc
- Saudi Basic Industries Corporation (SABIC)
- Toray Industries Inc
- Sealed Air Corporation
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